ARTEMIS ADDRESSES NEED FOR AGILITY IN ALIGNING CORPORATE STRATEGY, TARGETS AND BUDGETS

Artemis Software Delivers True Integrated Performance-Based Budgeting Capabilities to Link Results and Resources

NEWPORT BEACH, Calif., January 31, 2005 - Artemis International Solutions Corporation (OTCBB: AMSI), global provider of Investment Planning and Control™ solutions, today introduced a major new release of Artemis 7, its software that incorporates portfolio, budgeting and project management techniques to effectively link business strategy with execution throughout the enterprise. Artemis 7, version 6 adds performance-based budgeting capabilities allowing organizations to build budgets that accurately reflect strategic and operational goals, capture the full cost of resources required to support initiatives and projects, reallocate funds according to changes in priorities, and improve collaboration between operational and financial staff. The need for performance-based budgeting capabilities is becoming a critical issue for organizations. Budgets are prepared on an annual basis and new investment objectives determined during the year are difficult to take into account. Without adequate visibility or accountability, the risk is that unplanned initiatives will consume allocated budgets. “Businesses seeking more agility critically need performance-based budgeting,” said Matt Light, research director, Gartner, Inc. “Without it, they have difficulty taking into account shifts in strategy during the year, and may be rigidly bound to budgets drawn up nine months or a year ago, or worse.” The new version of Artemis 7 allows budgets to be based on results. Performance-based budgeting provides visibility into investments to understand where resources are committed and the impact of initiatives on budgets. It enables the on-going alignment of functional budget and the investments that support the organization’s strategy, providing a direct linkage between resources required to achieve specific goals. Artemis 7 enables organizations to dynamically manage the budget allocation process and analyze trends between investment estimates, allocated budgets, forecasts and actual expenditure. “One of the problems with the budgeting process today is its inability to dynamically link strategy planning with available resources, actual execution and results,” said Patrick Ternier, president and CEO of Artemis. "In an ever-changing business environment, our customers are looking at seizing market opportunities more rapidly. Artemis’ Performance Based Budgeting allows organizations to rely on a more agile resource allocation process to redirect funds where the expected return is greatest." Performance-based budgeting is one of three key business processes that comprise Artemis 7 Investment Planning and Control solutions. Investment portfolio management and execution management are the other key elements that can be integrated with performance-based budgeting to provide a comprehensive solution for Investment Planning and Control.

Artemis International Solutions Corporation (OTCBB: AMSI) is one of the world’s leading providers of investment planning and control solutions that help organizations execute strategy through effective portfolio and project management. Artemis has refined 30 years experience into a suite of solutions and packaged consulting services that address the specific needs of both industry and the public sector including, IT management, new product development, program management, fleet and asset management, outage management and detailed project management. With a global network covering 44 countries, Artemis is helping thousands of organizations to improve their business performance through better alignment of strategy, investment planning and project execution. For more information visit www.aisc.com. Forward Looking Statements “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company’s growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements or for prospective events that may have a retroactive effect.